Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** So African Gold mining compendium ***

Dan, did you see this article? I agree only if HUI loses 125...unlikely IMO.
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G'morning LD,
Yes I saw Maund's article which I'm interpreting as an 'oops, excuse me' follow up to his essay of last Wednesday where he came out and said he was selling his entire PM portfolio due to deteriorating technical conditions. LOL!

http://news.goldseek.com/CliveMaund/1058366379.php

While I don't 'see' the HUI breaking much from these levels, I do think it will be hard pressed to register any significant gains until the some of the multiple problems plaguing the SA miners are resolved.

The 'problems' I refer to in no special order of significance are the strong Rand, the potential royalty payments to SA Gov't, the July 27 strike threat and last but not least, this week's expectation of crappy earning's numbers for the SA producers.

Fwiw, GFI and HMY are almost 20% of the HUI.....
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Royalty plan gets kick in the butt from mining boffs
Experts say state's latest mining Bill will stifle investment, writes Hilton Shone

http://www.sundaytimes.co.za/2003/07/20/business/companies/comp02.asp

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NUM strike to be resolved
18/07/2003 13:25  - (SA)  

http://www.news24.com/News24/Finance/Economy/0,,2-8-25_1389485,00.html

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Wage crisis could be averted – analysts

http://www.miningweekly.co.za/min/news/today/?show=38626

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AngloGold breaks ranks

http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B242256D660060DDB5?OpenDocument

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Placer joins AngloGold, ups offer

http://m1.mny.co.za/MGGold.nsf/Current/4225685F0043D1B242256D67005B117F?OpenDocument

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S Africa Gold Mining Industry Eyes Further Challenges

http://sg.biz.yahoo.com/030718/15/3coa4.html

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Avgold and DROOY likely to set a gloomy tone for gold sector

http://www.busrep.co.za/index.php?fSectionId=553&fArticleId=191679

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South Deep ups wage offer after strike threat

http://www.miningweekly.co.za/min/news/today/?show=38628

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